No impact to your credit score

Our Commitment to Responsible Lending

At Loan Advance, we are committed to connecting borrowers with lenders who practice responsible lending. We believe in transparency, fairness, and helping consumers make informed financial decisions.

1 What We Do

Connect, Don't Lend

We are a loan connection service, not a direct lender

Partner with Reputable Lenders

We work with established, licensed lenders

Transparent Information

We provide clear information about loan terms and conditions

Educational Resources

We offer resources to help you understand your options

Green Flags - Good Lenders

  • Licensed in your state
  • Clear, upfront disclosure of all fees and rates
  • Reasonable repayment terms
  • No hidden fees or charges
  • Good customer service and support
  • Positive reviews and reputation

Red Flags - Avoid These

  • Pressure to sign immediately
  • Unclear or hidden fees
  • Extremely high interest rates
  • Requests for upfront payment
  • Poor online reviews or complaints
  • Unlicensed or unregulated lenders

2 Understanding Loan Terms

Before accepting any loan offer, make sure you understand:

APR (Annual Percentage Rate)

The total cost of borrowing expressed as a yearly rate

Monthly Payment

How much you'll pay each month

Total Repayment

The total amount you'll pay back

Fees

Any origination, late payment, or other fees

Repayment Period

How long you have to repay the loan

Warning Signs of Predatory Lending

Be cautious of lenders who:

  • Charge extremely high interest rates (often 300% APR or higher)
  • Require access to your bank account for automatic withdrawals
  • Use aggressive collection tactics
  • Don't consider your ability to repay
  • Offer loans without proper documentation

3 Your Rights as a Borrower

Right to Information

You have the right to clear, written loan terms

Right to Cancel

Many loans have a cooling-off period

Right to Complain

You can file complaints with regulatory agencies

Right to Privacy

Your personal information should be protected

Resources for Help

If you're struggling with debt or need financial counseling:

Consumer Financial Protection Bureau (CFPB)

www.consumerfinance.gov

National Foundation for Credit Counseling

www.nfcc.org

Federal Trade Commission

www.ftc.gov

Your State's Banking Department

Check your state's official website

Our Role in Responsible Lending

While we don't make lending decisions, we:

  • Partner with lenders who follow responsible lending practices
  • Provide educational resources to help you make informed decisions
  • Maintain transparency about our role as a connection service
  • Encourage you to compare multiple offers before deciding

Remember

Always read the fine print, ask questions, and don't feel pressured to accept any loan offer. A good lender will give you time to review the terms and answer your questions.